Description

The fund is a currency-hedged version of a well-known international equity index: MSCIs EAFE. The fund delivers representative exposure to developed equities, albeit with some definitional differences from peers. The fund excludes North America and South Korea and only holds large- and mid-cap stocks. The fund also comes with a currency hedge. The fund is 100% hedged to the CAD by selling each foreign currency forward at the one-month forward weight. The fund rebalances quarterly.